Member Info for Spikeyj

(mind you, one of those twitter folks claims
that adme has £2million in the bank, so it is
possible that he's not completely on the ball.)

they could just let the company fold? - then just take the
assets as settlement of those *secured* loans, then sell
'em. i doubt that's their preferred option, but it would do,
& no need to split the proceeds with pesky shareholders.

meanwhile, some twitter folks are saying company
will RNS 'completed placing' tomorrow. - finally?

... no RNS yet from Peel about topping back up to
18/19% again. looks like they simply used volume
created by the panoro deal to dump a chunk, imv.

"This could be partially or wholly funded by the Nigerian Government "

you have a good sense of humour. gl.

gosh, that sounds great!

& how much do you think petronor,
as the operator, would be charging
the other stakeholders to set up such
a pipeline? (& how would adme pay?)

meanwhile, two more days remaining
for adme to announce that they have
completed that delayed placing ....
i wonder why those funds are "delayed".

last clue: same guy, back in august 2018, when share price was 45p:

"All thanks to Randy Connally. It makes a nice portfolio: Block, Petroteq, ADL plus our own deals."

yes, thanks indeed to randy, eh?

rampers come in all sorts of guises on lse.
some are more subtle than others. but the
price action plus posting history tells the tale.

april, share price 15.5p:

"Fingers crossed, we have turned the corner and we are about to bounce hard."

(really? - dead cats do better.)

hint, same guy in april, share price 14p:

"Personally, I would run things as they are till March of next year: by then the company should have started to exploit its assets properly and may be at 500 boepd net. "

(so how's that working out, then? - too early to say?)

hint, same guy in may, share price more than double what is is now:

"In my view, Mayan will be fine now."

hint: it's the same guy who also said in july:

"The assets have always been fine"

while we are waiting to see how just how long CW
can hang on, how about a quick nostalgia quiz?

Q1, back in july, when the share price was 12.5p, who said:

"Shall we run a sweepstake on what the CPRs will say on Oil in Place and EUR ? I will go first
Austin ZR
OIP 2 mil barrels 3 mil barrels
EUR 600,000 300,000
we should have them in about 2/3 weeks."

goldman liking pru.

(lol, sometimes that's the kiss of death.
could have been worse, neil woodford
might have announced he's a pru fan.)

LOL, i spoke too soon,
mr market takes a
different view today.

not sure what peeps are on about.

there is no special market reaction
one way or the other. it opened up
a little blue, now is a little red, all
still roughly within a percent off the
close yesterday. deadly dull really.

bp had already signalled in 11th oct RNS.
hence price movements week after that.

given previous warnings, beat expectations
by circa $0.6billion replacement profit.

https://www.cnbc.com/2019/10/29/reuters-america-bp-profits-slump-on-weaker-oil-prices-but-beat-forecasts.html

wow! you'd think with a company secretary of that amazing calibre,
that the herd would have been beating down the doors to buy these
shares right up into double or even triple figures. i wonder, perhaps
they could get the company secretary to do some kind of podcast
so that potential investors can see what an asset he is to ADME sp?

... waiting on a few RNSs here ... dan thought there might be
an RNS today about Peel increasing their holdings again? ...
and presumably should be an RNS soon about completing
that placing before the end of october? ... and then there
are those exciting RNS about the new CEO's exciting deals?

(not a huge sum outstanding - so perhaps enthusiasts
such as mcadder or E_AL should simply phone up the
company & offer to buy an extra chunk of those placing
shares that have not yet been subscribed for? bargain!)

perhaps the right trade for those holding
adme would be to sell them in order to
buy petronor shares instead? - after all,
if field development does go ahead, then
petronor will be coining it from operating
fees, and minority stakeholders will have
their share of the revenues leeched to
keep paying for petronor's ongoing costs.

... meanwhile, four more days left for adme to
meet their declared expectation of completing
their stuttering placement by the end of october.

they were still trying to collect £278,910
at the time of the 8th oct RNS from ADME:

"The Fundraising, which totals approximately £562,360 through the issue of 8,033,713 new ordinary shares, is expected to have fully completed by the end of October 2019.

Accordingly, the Company is pleased to announce that it has completed, conditional upon Admission, the first stage of the Fundraising raising approximately £283,450 by way of the issue of 4,049,311 new ordinary shares of 1 pence each ("New Ordinary Shares") at a price of 7 pence per share."

astraz progression...
... mystical, ain't it?

long time no see.